Tom Brady and Gisele Bündchen have finalized their divorce. Although celebrity couples often seem to live charmed lives, they are not immune to common relationship struggles and conflicts. The marriage between Tom Brady and and Gisele Bündchen has become the most recently publicized example. The couple shared about their divorce on their individual instagram accounts. […]
The lifetime gift tax exemption will increase in 2023. As 2022 draws to a close, people are more interested in tax guidelines in 2023. Tax laws and exemptions are often impacted by the economy. Knowing these numbers is helpful for estate and tax planning in the coming years. According to recent Forbes article entitled “Lifetime […]
Bringing debt into retirement can lead to financial strain. Most people do not enjoy being in debt. It does not feel good to owe money to anyone or any institution. Even so, many people take on some debt during their lifetimes. According to a recent Money Talks News article titled “Sadly, This Is by Far […]
Dementia and cognitive decline are fairly common in America. I see it happening with my clients and my own family members. Mental health often declines with age. People can lose memory functioning and motor skills. Although seniors may have subtle symptoms of decreased mental functioning, it is not always indicative of dementia. According to a […]
Long-term care insurance can have tax benefits. Spoiler alert for those who are young right now. Health declines with age. Through exercising and eating a nutritious diet, people can often delay the onset of age-related health problems. Even so, these issues cannot be avoided forever. According to a recent Smart Asset article titled “Is Long-Term […]
Gifting a home to children can be a more complicated estate transfer. Houses are the most valuable assets for many people. They can also be one of the more complicated assets to distribute to heirs. Many aspects like taxes and how to divided the value of a home should be discussed and addressed in estate […]
Estate planning needs vary according to age and life stage. People change throughout their lives. Perhaps you have noticed this. Not only do we grow physically from infancy to adulthood, but new goals and priorities also develop. These influence choices within various areas over our lifespans. According to a recent The Seattle Times article titled […]
An Apple AirTag can help keep track of items and people. Apple has become a prominent tech company since its founding. Understatement. Whatever you think of the company, there is no denying its innovative bent. Although it started as a computer company, its work and reach has expanded to other areas. Apple revolutionized the music […]
A co-trustee can be helpful in the administration of an estate. Revocable trusts can simplify the distribution of assets after death. Often trustmakers (aka grantors) make themselves the trustees of revocable trusts while they are alive. In addition to serving as trustees themselves, some individuals choose to appoint co-trustees. According to a recent The Street […]
Social Security benefits may not be guaranteed to those conceived through in vitro after death. Many couples have fertility trouble. When getting pregnant naturally is not an option, many seek other avenues. Some choose adoption. Others commonly choose in vitro fertilization. According to a recent The Free Press article titled “Courts Ponder Benefits In Florida […]
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Overland Park Estate Planning Attorney Kyle Krull assists clients in Kansas and Missouri with Estate Planning, Wills, Trusts, Revocable Living Trusts, Charitable Planning, Asset Protection and Business Succession Planning in the greater Kansas City area including Overland Park, Leawood, Olathe, Lenexa, Johnson County Kansas and Jackson County Missouri.
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